Social business - Wikipedia, the free encyclopedia - The Diigo Meta page

• 08 Sep 09
  

  Tac Anderson

  social business

• 14 Apr 08
  

  Takuya Homma
  • Social Businesses seek to profit from acts that generate social improvements and serve a broader human development purpose. A key attribute of social businesses is that an increase in revenue corresponds to an incremental social enhancement. The social mission will permeate the culture and structure of the organization and the dual bottom lines - social and economic will be in equal standing with the firm pursuing long term maximization of both.1

  • It boils down to the following requirements:

    
    

    1. it needs to have social objectives: e.g. health, education, poverty, environment or climate urgency
    
    2. it needs to be owned by the poor or disadvantaged, e.g. women, young people or long-term unemployed
    
    3. investors may not, after having had their investments paid back, take profits out of the enterprise.

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